XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1360%/8h= −148.9% APRnext payment −$1.70 per $10,000 · paid last 24h −0.142%

Price spread now: Lighter against Aevo−0.032%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Lighter is 0.032% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XPL-PERP	0.09495	0.0104	pay 0.0013% / 1h	34m 46s	$28K	$18K	3x
Short	Lighter XPL	0.09492	−0.1256	pay 0.0157% / 1h	34m 46s	$4.3M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee LighterbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$285.6
Price spread: −0.032% → 0.000%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$304.76
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 3 min ago	5.26 bp	7.2 bp −$7	22.1 bp −$221	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPLshort	−0.1256%	1h	0.09492	−0.032%	$4.3M	$3.1M	10x
01 Exchange XPLUSD	−0.0432%	1h	0.09504	+0.095%	$553	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0381%	1h	0.09499	+0.042%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0367%	4h	0.09498	+0.032%	$45.1M	$54.2M	75x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09505	+0.110%	$105K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0108%	8h	0.09495	+0.005%	$12K	$696	5x	as long as short
Gate XPL_USDT	−0.0062%	4h	0.09506	+0.116%	$2.9M	$3.3M	75x	as long as short
Backpack XPL_USDC_PERP	−0.0050%	1h	0.09501	+0.063%	$178K	$179K	10x	as long as short
OKX XPL-USDT-SWAP	−0.0034%	4h	0.09496	+0.011%	$7.6M	$47.3M	50x	as long as short
Orderly PERP_XPL_USDC	−0.0026%	4h	0.09498	+0.032%	$30K	$255K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XPL-USD	0.0000%	1h	0.09506	+0.115%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.266%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09506	+0.114%	$72K	—	150x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09499	+0.042%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09515	+0.212%	$60.2M	$45.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09510	+0.153%	$251K	$402K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09509	+0.153%	$217K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09499	+0.041%	$43.3M	$98.0M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09510	+0.158%	$139K	$0	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09500	+0.053%	$12.5M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09499	+0.042%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09512	+0.179%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09504	+0.095%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09502	+0.073%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09509	+0.147%	$254K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09510	+0.158%	$25K	$73K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09512	+0.179%	$125K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09480	−0.158%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09500	+0.053%	$192	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09500	+0.053%	$131K	$212K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09494	−0.010%	$588K	$1.1M	25x	as long as short
Aevo XPL-PERPlong	+0.0104%	1h	0.09495	long leg	$28K	$18K	3x
Phoenix XPL	+0.0251%	1h	0.09520	+0.263%	$193K	$494K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09495	0.000%	$1.7M	$928K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+1.064%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2723%	1h	0.09525	+0.312%	$541K	$957K	10x	as long as short